Separately managed accounts: 4Q rankings
U.S. large-cap equity Product 4Q return 1-year return 3-year…
U.S. large-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| BRC Investment Management LLC – Large Cap Concentrated Equity | 15.41% | 3.18% | 13.83% | 3.02% | 21.64% | 0.07 | $348.1 | Team | Greenwood Village, Colo. |
| Zacks Investment Management – Dividend | 14.74% | 10.17% | 13.31% | 2.62% | 19.54% | 0.06 | $209.2 | Team | Chicago |
| TCW Investment Management Co. – TCW Relative Value Large Cap | 14.47% | -3.11% | 15.06% | -2.85% | 25.51% | -0.17 | $3,809.6 | Diane Jaffee | Los Angeles |
| Mount Lucas Management Corp. – MLM Focused Equity | 14.28% | -7.26% | 16.16% | -0.02% | 27.16% | -0.06 | $215.2 | Team | Newtown, Pa. |
| Miller Howard Investments Inc. – Income Equity (Non-MLP) | 14.24% | 17.33% | 17.14% | 0.28% | 20.68% | -0.06 | $851.5 | Team | Woodstock, N.Y. |
| Fiduciary Asset Management – Large Cap Core | 14.12% | 5.85% | 11.79% | -0.32% | 20.52% | -0.09 | $205.0 | Team | St. Louis |
| Fifth Third Asset Management – Large Cap Value | 14.04% | -1.75% | 11.39% | -1.80% | 22.76% | -0.14 | $723.9 | Team | Cincinnati |
| WHV Investment Management – Large Cap Core Equity | 14.04% | -2.52% | 14.26% | 0.76% | 22.97% | -0.03 | $370.5 | Team | San Francisco |
| Harris Investment Management Inc. – Large Cap Value | 14.01% | 3.73% | 11.62% | -0.50% | 21.47% | -0.09 | $284.1 | Team | Chicago |
| Cullinan Associates Inc. – Buywriting | 13.96% | 4.65% | 13.15% | 3.14% | 17.25% | 0.10 | $236.0 | Team | Louisville, Ky. |
| S&P 500 | 11.82% | 2.11% | 14.11% | -0.25% | 21.14% | -0.08 |
U.S. midcap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Hahn Capital Management Co. LLC – Mid-Cap Value | 20.63% | 9.53% | 23.50% | 6.89% | 26.59% | 0.20 | $488.0 | Team | San Francisco |
| GW Capital Inc. – Smid Cap Equity | 20.61% | 5.58% | 21.65% | 3.70% | 28.27% | 0.08 | $300.6 | Team | Bellevue, Wash. |
| SouthernSun Asset Management – Smid Cap | 19.24% | 4.85% | 31.00% | 9.93% | 30.26% | 0.28 | $361.7 | Michael W. Cook | Memphis, Tenn. |
| Aston Asset Management – Fairpointe Capital Mid Cap Core | 17.39% | -5.35% | 24.92% | 5.40% | 29.34% | 0.13 | $2,778.7 | Team | Chicago |
| The London Co. – Small Cap Core | 17.35% | 6.93% | 23.17% | 6.51% | 23.13% | 0.22 | $1,821.6 | Team | Richmond, Va. |
| Davidson Investment Advisors – Small/Mid Cap | 17.27% | 3.15% | 21.63% | 1.95% | 28.58% | 0.02 | $147.6 | Team | Great Falls, Mont. |
| Penn Capital Management – Penn Mid Cap Core Equity | 16.76% | -10.53% | 20.57% | -0.94% | 31.33% | -0.08 | $302.1 | Team | Philadelphia |
| TCW Investment Management Co. – TCW Value Opportunities (Mid-Cap Value) | 16.36% | -5.06% | 15.77% | -0.38% | 25.48% | -0.07 | $388.4 | Diane Jaffee | Los Angeles |
| Advisory Research – Small/Mid Cap Value Equity | 16.04% | 5.54% | 15.31% | 2.29% | 23.53% | 0.03 | $2,090.5 | Brien O’Brien | Chicago |
| Fiduciary Asset Management – Master Limited Partnerships | 16.04% | 14.47% | 42.19% | 13.98% | 23.71% | 0.53 | $2,690.6 | Team | St. Louis |
| Russell Midcap | 12.31% | -1.55% | 20.17% | 1.41% | 25.56% | 0.00 |
U.S. small-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Cambiar Investors LLC – Small Cap Value | 20.18% | -0.15% | 26.56% | 5.04% | 28.18% | 0.13 | $1,033.1 | Team | Denver |
| O’Shaughnessy Asset Management – Small Cap Growth | 19.42% | -11.35% | 7.51% | -6.52% | 27.92% | -0.29 | $181.4 | Team | Stamford |
| SouthernSun Asset Management – Small Cap | 19.35% | 7.68% | 27.54% | 8.18% | 32.43% | 0.21 | $1,706.6 | Michael W. Cook | Memphis |
| Suffolk Capital Management LLC – Small Cap Growth | 19.30% | -8.49% | 16.46% | 1.40% | 28.58% | 0.00 | $153.3 | Team | New York |
| Penn Capital Management – Penn Small Cap Opportunistic Equity | 19.26% | -10.12% | 27.30% | -0.69% | 36.68% | -0.06 | $699.7 | Team | Philadelphia |
| Netols Asset Management – Small Cap Value | 19.23% | -3.59% | 12.24% | 2.64% | 26.01% | 0.04 | $960.2 | Jeffrey W. Netols | Mequon, Wis. |
| Earnest Partners – Small Cap Core | 18.77% | -0.12% | 17.48% | 0.35% | 25.73% | -0.04 | $387.9 | Paul Viera | Atlanta |
| Golden Capital Management LLC – Small Cap Core | 18.70% | 2.46% | 13.87% | -1.35% | 27.02% | -0.10 | $187.0 | Greg W. Golden | Charlotte, N.C. |
| NWQ Investment Management Co. – Small Cap Value Equity | 18.26% | 1.34% | 23.04% | -0.59% | 30.67% | -0.07 | $572.4 | Phyllis G. Thomas | Los Angeles |
| PNC Capital Advisors LLC – Small Cap Portfolio | 18.04% | 3.02% | 20.24% | 2.40% | 25.49% | 0.04 | $296.5 | Team | Baltimore |
| Russell 2000 | 15.47% | -4.18% | 15.63% | 0.15% | 26% | -0.05 |
International, global, emerging-markets equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| WHV Investment Management – WHV International Equity | 11.19% | -14.81% | 17.88% | 3.73% | 35.33% | 0.06 | $10,551.4 | Team | San Francisco |
| Newgate Capital Management – Global Resources | 10.86% | -25.52% | 14.99% | 0.56% | 40.66% | -0.02 | $504.9 | Team | Greenwich, Conn. |
| Legg Mason Inc. – Legg Mason MDA4 Global Multi Cap Growth | 9.91% | -3.61% | 15.80% | 0.23% | 23.28% | -0.05 | $172.6 | Team | Baltimore |
| WCM Investment Management – International Focused Growth | 8.77% | -4.66% | 20.47% | 7.80% | 22.07% | 0.29 | $544.4 | Team | Milwaukee |
| Aletheia Research – Aletheia International Growth | 8.52% | -13.86% | 14.63% | 2.85% | 26.21% | 0.05 | $160.2 | Peter J. Eichler Jr. | Santa Monica, Calif. |
| Invesco – Global Equity – SMA/Wrap | 8.30% | -9.40% | 8.25% | -3.32% | 22.58% | -0.21 | $178.3 | Team | Atlanta |
| Renaissance Investment Management – International Equity Wrap | 8.06% | -9.58% | 9.34% | -0.18% | 28.46% | -0.06 | $866.0 | Joe G. Bruening | Covington, Ky. |
| Lazard Asset Management – Global Equity Select ADR – SMA | 7.97% | -2.22% | 9.80% | -0.99% | 20.01% | -0.12 | $965.0 | Team | New York |
| AllianceBernstein – Global Value Equity ADR | 7.82% | -13.31% | 8.48% | -8.71% | 27.86% | -0.37 | $4,329.1 | Sharon Fay | New York |
| Invesco – International ADR Growth SMA/Wrap | 7.81% | -6.15% | 13.21% | 0.41% | 21.28% | -0.05 | $2,294.4 | Team | Atlanta |
| Russell Developed ex North America Large Cap | 3.31% | -12.40% | 8.28% | -4.52% | 25.94% | -0.23 |
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U.S. fixed income
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Payden & Rygel – High Yield | 6.52% | 4.93% | 16.20% | 5.54% | 11.04% | 0.37 | $1,747.0 | Sabur Moini | Los Angeles |
| Shenkman Capital Management Inc. – High Yield Bond Strategy | 6.51% | 5.87% | 16.39% | 7.23% | 9.42% | 0.61 | $12,658.3 | Team | New York |
| Cincinnati Asset Management – High Yield | 5.87% | 5.68% | 18.10% | 6.66% | 12.13% | 0.43 | $320.8 | Team | Cincinnati, Ohio |
| First Western Capital Management – High Yield Fixed Income | 5.84% | 6.24% | 20.00% | 7.30% | 12.05% | 0.48 | $285.2 | Steven S. Michaels | Los Angeles |
| Seix Advisors – High Yield Bond Management | 5.49% | 7.61% | 15.91% | 6.61% | 8.68% | 0.59 | $13,234.9 | Team | Upper Saddle River, N.J. |
| First Western Capital Management – High Yield Short Duration | 4.93% | 3.73% | 15.52% | 7.14% | 9.18% | 0.62 | $202.4 | Steven S. Michaels | Los Angeles |
| Penn Capital Management – Penn Opportunistic High Yield Fixed Income | 3.88% | 2.39% | 24.02% | 7.20% | 16.96% | 0.34 | $832.4 | Team | Philadelphia |
| Brandes Investment Partners – Enhanced Income | 3.58% | 4.84% | 10.80% | 2.25% | 11.27% | 0.07 | $100.0 | Team | San Diego, Calif. |
| Three Peaks Capital Management LLC – High Yield Bond | 3.55% | 6.51% | 14.75% | 5.79% | 9.11% | 0.47 | $1,213.0 | Team | Castle Rock, Colo. |
| Eaton Vance – TABS Intermediate Maturity | 3.52% | 12.45% | 8.88% | 7.39% | 4.84% | 1.22 | $676.8 | Team | Boston |
| Barclays Aggregate | 1.12% | 7.84% | 6.77% | 6.5% | 3.46% | 1.45 |
U.S. municipals
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Gannett Welsh & Kotler LLC – Municipal Bond Strategy | 3.40% | 12.97% | 9.24% | 6.38% | 5.36% | 0.91 | $9,231.6 | Team | Boston |
| Lord Abbett & Co. LLC – Intermediate Municipal MA | 3.12% | 11.60% | 7.89% | 6.36% | 4.59% | 1.06 | $1,006.8 | Daniel S. Solender | Jersey City, N.J. |
| McDonnell Investment Management – Medium Duration Municipal Bond | 3.00% | 11.84% | 7.83% | 6.05% | 4.79% | 0.95 | $5,570.0 | Team | Oak Brook, Iil |
| Nuveen Asset Management – Intermediate Term High-Quality Municipal Bond | 2.70% | 10.79% | 7.27% | 5.53% | 4.34% | 0.93 | $5,691.7 | Team | Chicago |
| Wasmer Schroeder & Co. Inc. – Strategic Tax Exempt Fixed Income | 2.69% | 13.42% | 9.58% | 5.66% | 5.78% | 0.72 | $226.0 | Team | Naples, Fla. |
| PNC Capital Advisors LLC – Intermediate Municipal | 2.67% | 10.77% | 7.43% | 6.20% | 4.31% | 1.09 | $1,640.8 | Team | Baltimore |
| Eagle Asset Management – High Quality Tax-Free – Retail | 2.64% | 9.79% | 6.60% | 5.34% | 3.77% | 1.03 | $1,070.3 | Team | St. Petersburg, Fla. |
| Neuberger Berman – Municipal Extended Core Fixed | 2.62% | 9.81% | 6.59% | 5.84% | 3.70% | 1.18 | $142.0 | Team | New York |
| Lord Abbett & Co. LLC – Long Municipal MA | 2.57% | 14.36% | 9.09% | 5.63% | 6.69% | 0.62 | $5,381.0 | Daniel S. Solender | Jersey City, N.J. |
| Franklin Templeton Investments – FPA Intermediate Municipal Fixed Income | 2.44% | 10.27% | 7.09% | 5.49% | 4.51% | 0.89 | $3,503.6 | Team | San Mateo, Calif. |
| Barclays Municipal Bond | 2.12% | 10.7% | 8.57% | 5.22% | 5.16% | 0.73 |
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